Goldman Sachs Loves 2 High-Yield Tobacco Stocks as Cigarette Smoking Continues Decline

Goldman Sachs continues to be a leading player in the investment landscape, with a focus on strong stocks in the tobacco sector including Altria. Notably, Altria boasts one of the highest yields in the S&P 500. With consumer staples gaining attention amid market volatility, tobacco companies may present opportunities for investors. Goldman forecasts the nicotine market to grow, estimating an increase in profitability and a shift towards smoke-free products surpassing traditional tobacco by 2035. This evolution in preferences makes these stocks worthy of consideration for investment portfolios.

Goldman Sachs sees significant growth in the tobacco sector, particularly with smoke-free products likely to surpass combustible products by 2035, highlighting industry's evolution.

As the market experiences volatility, consumer staple stocks—including Altria—are becoming increasingly appealing, supported by strong yields and consistency in performance.

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